Ethereum ETH/USD is trading at 131.00 and continues to move as part of the correction. ETH/USD cryptocurrency moves below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bearish trend by Ethereum. As part of the Ethereum Forecast and Analysis ETH/USD March 3, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 138.55. Where should we expect a rebound and an attempt to continue the fall of ETH/USD with a target below 110.00.

Ethereum Forecast and Analysis ETH/USD March 3, 2019

An additional signal in favor of reducing cryptocurrency will be the test of the resistance area. Earlier, a strong signal was received for SELL the Ethereum cryptocurrency. The signal was formed due to the intersection of the signal lines at the level of 131.55. The nearest resistance area is at 140.00. The area of ​​support for ETH/USD is located at 130.00.

Ethereum Forecast and Analysis ETH/USD March 3, 2019

The cancellation of the Ethereum cryptocurrency fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the 150.00 area. Such a scenario would indicate a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. Expect to accelerate the fall in quotes ETH/USD stands with the breakdown of the support area and closing below the level of 129.00.

Ethereum Forecast and Analysis ETH/USD March 3, 2019 suggests an attempt to develop a cryptocurrency correction and a test level of 138.55. Where can we expect to continue the fall of Ethereum with a potential target near the level of 110.00. The abolition of the reduction option will be a strong growth and a breakdown of the 150.00 area. This will indicate a continued rise in the rate of digital currency with a potential target above the level of 160.00.